BTC/USD (Update)
In 3h Chart Pattern Bitcoin has Forming Ascending Channel Pattern so far holding the lower trendline & MA50 as well..
In Bullish case it might test the $8k & $9.2k resistance area around higher trendline..
If bitcoin broke the Ascending channel downward it might test the $5.6k area
Volume has been decreasing in 3h chart and daily time frame as well, for Bullish case bull needs some power or strength
If bearish volume increase, it'll definitely breakdown..
These red lines are working as resistance, if the red line is crossed, it's possible that it'll move upwards.
If it cross the trendline, then it'll move downward and hold green line as a support..
MA50 Acting as strong Support
Friends, please hit the like button, and write any comment, this will be the best thanks from your side..!!
In 3h Chart Pattern Bitcoin has Forming Ascending Channel Pattern so far holding the lower trendline & MA50 as well..
In Bullish case it might test the $8k & $9.2k resistance area around higher trendline..
If bitcoin broke the Ascending channel downward it might test the $5.6k area
Volume has been decreasing in 3h chart and daily time frame as well, for Bullish case bull needs some power or strength
If bearish volume increase, it'll definitely breakdown..
These red lines are working as resistance, if the red line is crossed, it's possible that it'll move upwards.
If it cross the trendline, then it'll move downward and hold green line as a support..
MA50 Acting as strong Support
Friends, please hit the like button, and write any comment, this will be the best thanks from your side..!!
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